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Dec 5, 2013
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helia is braising the chill outside parliament where mr. osbourn will deliver his speech and joins us now. helia, no big giveaways. what's going to be in the details? >> as you said, it's going to strike a -- for continued austerity. but let's face it, this is a good day for the chancellor. we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a freeze on business rates, but essentially it's going to away fiscally neutral budget with a tone saying tax cuts, they may kot come in the future, but not until we've secured recovery. we will have, however, gdp revisions up towards. the uk economy is booming. some
helia is braising the chill outside parliament where mr. osbourn will deliver his speech and joins us now. helia, no big giveaways. what's going to be in the details? >> as you said, it's going to strike a -- for continued austerity. but let's face it, this is a good day for the chancellor. we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be...
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Dec 11, 2013
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helia, thank you very much for that. still to come, just a year ago, president obama was riding high after his re-election victory, but he's ending 2013 on a low note dubbed by troubles with his health care program. there's the latest nbc/"wall street journal" poll coming up. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> a recap of the headlines, shake my hand. the house and the senate agree on a budget deal. debt limits still loom. >>> hilton world would it is getting set for an ipo. >>> and hp's ceo meg whitman issued a rally cry. she says there is a future for desktop computers. >>> and what a difference a year makes. president obama started out 2013 on a high note. coasting to a high approval rating following his re-election. but amid a series of challenges over the past several months, that public support has faded dramatically. bertha coombs is at cnbc hq in
helia, thank you very much for that. still to come, just a year ago, president obama was riding high after his re-election victory, but he's ending 2013 on a low note dubbed by troubles with his health care program. there's the latest nbc/"wall street journal" poll coming up. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex....
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Dec 18, 2013
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still with us, julian calo and helia. on this last point, helia, would you have been focused a lot on activity and the conundrum. what do you make of the numbers there? >> i think that's the big question b now for the bank of england. are we going to return to levels of productivity that we saw before the crisis? yesterday the house of lords saying there is no reason why the uk economy shouldn't reach the levels of productivity and growth that we saw precrisis. but so far, there's no evidence of that and as we're seeing today, that productivity is still a drag. and that's why the bank of england is saying, even if we get to that 7% threshold, it's a staging post because there's still slack in the economy. we still have to give it some -- in order to support it because we are not at levels we saw before the crisis. so yes, today's unemployment figure will focus everyone's minds on a rate hike. that will probably come earlier. but i think at the forefront of the mpc's mind, at the forefront of the bank of england's mind is
still with us, julian calo and helia. on this last point, helia, would you have been focused a lot on activity and the conundrum. what do you make of the numbers there? >> i think that's the big question b now for the bank of england. are we going to return to levels of productivity that we saw before the crisis? yesterday the house of lords saying there is no reason why the uk economy shouldn't reach the levels of productivity and growth that we saw precrisis. but so far, there's no...
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Dec 4, 2013
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helia, how important is this, do you think, politically and economically? >> well, you would have the government would say danny alexander would come up and say this is a sign of confidence in the market. but most of our viewers will say it sounds kind of familiar because just a couple years ago, we had the pension infrastructure platform which was supposedly a pledge from pension funds to put 20 billion pounds into infrastructure projects in the uk. and it only attracted 1 billion. solo today we have another commitment, this time from insurance funds putting in 20 billion over the next five years, the question really is is the government doing enough to allow this money to go to work? are they putting in the right guarantees that allow firms like insurance firms, pension funds to structure the investment in the way that they want? remember, this is a 375 billion pound infrastructure plan in the uk. that really hasn't changed much in the last couple of years. so i think the devil is in the detail on this one been. >> peter, what your thought? in theory, pen
helia, how important is this, do you think, politically and economically? >> well, you would have the government would say danny alexander would come up and say this is a sign of confidence in the market. but most of our viewers will say it sounds kind of familiar because just a couple years ago, we had the pension infrastructure platform which was supposedly a pledge from pension funds to put 20 billion pounds into infrastructure projects in the uk. and it only attracted 1 billion. solo...
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Dec 20, 2013
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the question for you, helia, helia? >> yes. >> get your head out of the economic data. stop being a journalist for a moment and talk to me about something far more important. >> i'm focused entirely on you, ross. >> far more important, have you ever been nostalgic about any vehicle? >> nostalgic? >> what was your first car? >> polo. >> do you think of that fondly? >> yes. that's the universal car, isn't it inspect that's the car most people in the uk their parents want them to buy a safe, boring car. >> how many people can i squeeze in a polo from the public? >> obviously i wouldn't be squeezing anyone from the public into my vehicle. >> no. you were studying. there you go. you can get 20 people in a polo if you try very hard. thank you. you can go back now to studying the data. i'm sorry to interrupt you. >> so what car are you nostalgic about? have you not been paying attention? >> no, not at all. >> do you not want the output? a lancier. >> what is that? >> two door, very nice, royal blue. >> i'm sorry. will you buy that car ever again? classic cars are actually -- t
the question for you, helia, helia? >> yes. >> get your head out of the economic data. stop being a journalist for a moment and talk to me about something far more important. >> i'm focused entirely on you, ross. >> far more important, have you ever been nostalgic about any vehicle? >> nostalgic? >> what was your first car? >> polo. >> do you think of that fondly? >> yes. that's the universal car, isn't it inspect that's the car most people...
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Dec 9, 2013
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. >>> joining us is helia. what's going to happen next? someone is going to suggest they're a takeover target. haven't heard that one before. >> we've had a lot of banking stories this morning. actually, one of the reasons is because the capital markets for banks is very hot at the moment. we have a series of umpt k. bank ipos on the horizon. you saw bob diamond looking to raise money for this african bank. you do have things in the pipeline, tsb, you have williams and glen obviously as well. the people i spoke to close to the board said absolute rubbish. not happening. you're right. they're having difficult -- >> is there a discourse amongst the board or shareholders on what they should be doing. bad year, take it on the chin? >> a healthy board room would always discuss all issues. they have had a difficult year. whether they need to pack up the markets, i doubt. on the hsbc front -- >> what would be the strategic reasoning for that? why would they want to raise the money? >> it's not clear. hsbc is an incredibly well capitalized bank. t
. >>> joining us is helia. what's going to happen next? someone is going to suggest they're a takeover target. haven't heard that one before. >> we've had a lot of banking stories this morning. actually, one of the reasons is because the capital markets for banks is very hot at the moment. we have a series of umpt k. bank ipos on the horizon. you saw bob diamond looking to raise money for this african bank. you do have things in the pipeline, tsb, you have williams and glen...
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Dec 12, 2013
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and helia is with us in the studio to talk about that. i was shocked at how much lord myners is asking to do this job. i know. it's a big paycheck for him, a whole one pound. >> relief. >> i'm not sure how he's going to invest it. >> a savings account. >> it will sit along the 30 odd million that he's already earned famously. he was citi minister, he was very critical of ethics through the banking industry throughout the crisis. and he left the government to say that he was actually leading spiritual development, he was going to study theology, going to find god. so out with one methodist minister and in with a former citi manager who did find god. i think it is a bit of good news today. lord myners is going to lead this review into governance. >> actually, there is a new management team in place. and it is problem is one of perception rather than -- he said the hold isn't that big financially. so they just need to make sure savers keep using it, right? >> yes. they're lucky in that most of us are incredibly sticky bank account users. eve
and helia is with us in the studio to talk about that. i was shocked at how much lord myners is asking to do this job. i know. it's a big paycheck for him, a whole one pound. >> relief. >> i'm not sure how he's going to invest it. >> a savings account. >> it will sit along the 30 odd million that he's already earned famously. he was citi minister, he was very critical of ethics through the banking industry throughout the crisis. and he left the government to say that he...